About the Pleasants Community Foundation
What is a community foundation?
A community foundation builds charitable funds that support community needs and opportunities. Most of the funds are permanent endowments that ensure there is support in a particular geographic region for good and forever.
Our foundation began in 2000 under the umbrella of another large multi-county community foundation. In 2005 we broke away from that foundation and obtained tax-exempt organization status from the Internal Revenue Service. We now have more than $2.5 million in 49 separate funds.
What types of funds do we have?
More than 20 of our funds are scholarships. The bulk of those are for graduating seniors at St. Marys High School. However, we do have one Tyler County and one Doddridge County scholarship and several scholarships for students who are already in college or in graduate school.
Many organizations have funds here in order to generate income. They include the Pleasants County 4-H Foundation, the Pleasants County Public Library, Habitat for Humanity, and the Humane Society, to name a few.
Several Pleasants County cemeteries have endowment funds to generate income needed for maintenance.
What is our endowment level?
We require an endowment of $20,000. Some folks who establish funds have the money to create that endowment immediately. Others raise funds over time. We estimate that an endowment of $20,000 will result in $1,000 in income each year.